Business

Jamaican manufacturers are singing a hopeful tune but with a note of caution as they look forward to 2023. It was a year in which producers were beset by the continued high cost of freight, which impacted the cost of goods, and logistical...

Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70 per cent since the start of the year, on pace to finish in the bottom five biggest decliners among S...

Air travel to Jamaica rose in November through the port that connects to the tourism gateway in Montego Bay, but dipped in Kingston where passenger flow tends to be more related to business travel and visiting relatives. The tourism ministry...

The Jewel Resorts brand of hotels that started operations in Jamaica has entered the Dominican Republic under the wings of its current Mexican owner. Four Jewel hotels are now in operation, two in Jamaica and two in Dom Rep. “The addition of Jewel...

After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation. Initially driven by wealthy countries – namely, the United States, under former President Donald Trump, and the...

A Swiss court has granted a six-month “stay of bankruptcy” to the operating company for the never-opened Nord Stream 2 pipeline, which was built to bring Russian gas to Germany but put on ice shortly before Russia invaded Ukraine in February. The...

After two months of operation, microlender Ultra Financier says it has grown its loan book to $250 million. The wholly owned Dolla Financial Services subsidiary began operations on October 21, providing asset-based financing to high net worth...

General Accident Insurance Company is smarting from the effects of premiums handed over to reinsurers, evidenced by a decline in profit over nine months, its latest earnings report shows. Managing Director Sharon Donaldson said the company had to “...

One version of the Greek tale of Icarus says that his father, Daedalus, advised him not to fly too high or too low; Icarus, enjoying the ability to fly with man-made wings, forgot his father’s advice and flew too close to the sun. He fell into the...

Trumpets and snares will play Brazil’s national anthem at Luiz Inácio Lula da Silva’s swearing-in on January 1. Then, one will hear a different song on the streets, its lyrics taking a shot at outgoing President Jair Bolsonaro. “It is time for Jair...

Retailers are scoring one win in a government-wide spending bill, which will force online marketplaces like Amazon and Facebook to verify high-volume sellers on their platforms amid heightened concerns about retail crime. Tucked in the US$1.7-...